Bankers Say CLARITY Act Stablecoin Provisions Nonetheless Flawed
America’s largest banking teams stated they continue to be dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to guard financial institution deposits. In an announcement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “looking for to realize the proper coverage purpose” in prohibiting…